Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
RegulatoryWatchNotablemateriality 64 out of 100
What happened
FactPendency of Litigation(s)/dispute(s) or the outcome impacting the Company. respect of the Assessment Year 2021-22 wherein a tax demand of Rs. 4,67,75,96,840 was raised. The balance 20% of the amount towards the disputed demand shall be payable as 6th instalment subject.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
Watch next
Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
Evidence
How CapitSignal classified this
- Reasoning:
- LITIGATION base 56; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%